georgie
jmo but i expect that any reduction in cashflow due to lower commodity prices are well and truly priced in already and AMU are somewhat better placed than others due to their hedging policy, exploration success (increasing production profile) and the stable long life nature of the producing assets.
Several analysts/brokers cover this stock and although target sp have been downgraded recently due tp falling oil and gas the general consensus is still that AMU is worth every bit of 60c ps
The HY results will serve to highlight the benefits of the hedge program in protecting revenue as well as shine a light on the exploration success and the low cost nature of AMU operations
One hopes that if outcomes of strategic review are released they will show further cost cutting measures and other positive issues.
I agree that small/mid cap oilers are a hard sell atm and that buyers are thin on the ground but the idea of AMU going to 10c seems a bit far fetched IMHO
You admit to having had a bit of a look at AMU and i find that in itself encouraging as it adds to other evidence that some investors are beginning to look for value in the sector with an eye to an eventual recovery in POO
Unless we see more distressed selling in AMU then i feel (like the others) that we are at or very close to a bottom for AMU sp
georgiejmo but i expect that any reduction in cashflow due to...
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